The income statements for Urban Outfits, Inc. are presented below:

Urban Outfits, Inc. Income Statements Year Ended December 31
	Current Year			Prior Year
Sales revenue	$	810,840		$	881,559
Cost of goods sold		417,910			448,459
Gross profit		392,930			433,100
Operating and other expenses		144,600			159,140
Interest expense		27,500			8,850
Income tax expense		56,700			59,200
Net income	$	164,130		$	205,910

Prepare a horizontal analysis of the income statement above. (Round your answers to the nearest whole percent.)

Current Year Prior Year Amount Percent%

Sale revenue $810,840 $881,559

Cost of Goods Sold $417,910 $448,459

Gross Profit $392,930 $433,100

Operating and other Expenses $144,600 $159,140

Interest Expense $27,500 $8,850

Income Tax Expense $56,700 $59,200

Net Income $164,130 $205,910